Ethereum Price Analysis: Can ETH Reclaim $3,000? Ozak AI Gains Ground as the Top AI Altcoin

Ethereum continued its downward trajectory today with a 2% dip. This decline comes despite a noticeable increase in both accumulation and short positions. According to Glassnode, Ethereum whales have increased their holdings, adding nearly 800,000 ETH per day over the past week. Wallets holding between 1,000 and 10,000 ETH now collectively hold over 14.3 million ETH.

However, the futures market shows rising volatility. Data from Coinglass reveals $107.39 million in ETH futures liquidations in just 24 hours. Long positions accounted for $85.11 million of these losses, while short positions saw $22.28 million wiped out. The data suggests traders are using strategies to earn yield while they prepare for a downside risk.

Key Technical Levels Signal Possible Downtrend

Ethereum has recently been rejected at its 200-day Simple Moving Average. It also dipped briefly below $2,500. The price is now trading near the 38.2% Fibonacci retracement level at $2,450. This level coincides with the 50-day SMA. This zone forms the lower support of an ascending channel that ETH has followed in recent weeks.

Source: X

If ETH fails to maintain this support, it could drop toward the $2,260 to $2,100 range. This level is further reinforced by the 100-day SMA. In a worst-case scenario, Ethereum might revisit the $1,750 zone to sweep liquidity.

On the bullish side, the token needs to reclaim $2,800 and hold it as support. This move could open the door for a push toward the $3,000 psychological level.

The RSI is neither bullish nor bearish right now, and the Stochastic Oscillator slowly approaches the oversold level. These signs mean that the selling pressure may persist until the buyers reappear.

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Next 500X AI Altcoin

Ozak AI Attracts Attention as Ethereum Struggles

As Ethereum tries to recover its lost momentum, Ozak AI is emerging as a new interesting altcoin in the AI environment. The project uses blockchain along with artificial intelligence that offers real-time data processing and decentralized computation.

Ozak AI is gaining serious momentum as it advances through its presale stages. Starting at just $0.001 in Phase 1, the token has climbed to $0.005 in the current Phase 4—marking a 400% increase so far. Over 8.3 million tokens have been sold in this phase alone, raising more than $1.2 million. 

The upcoming Phase 5 will raise the $OZ token price to $0.01, doubling the current rate and encouraging investors to act quickly before prices rise further. At launch, the token will list at $0.05, which means investors from Phase 1 stand to gain a 4,900% ROI, while those joining in Phase 4 could still earn 900% returns. With a bold roadmap that includes AI-assisted trading tools and scalable Web3 infrastructure, experts believe Ozak AI could reach $1 by 2025, delivering up to 99,900% gains for the earliest backers.

Notably, Ozak AI is already listed on CoinMarketCap and CoinGecko, boosting early exposure and credibility in the market.

Conclusion

Ethereum must reclaim $2,800 to signal a new uptrend and move toward $3,000. Meanwhile, investors seeking high-growth potential are increasingly looking at Ozak AI. With strong momentum and unique tech, it is emerging as a serious contender in the altcoin space.

For more information about Ozak AI, visit the links below:

Website: https://ozak.ai/

Twitter/X: https://x.com/OzakAGI

Telegram: https://t.me/OzakAGI

Writer @Erlin

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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